Asian Markets Rally on Stimulus Hopes; Chinese Property Stocks Surge as Beijing Vows More Support
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Chinese markets rebounded on expectations of more stimulus measures by the government. The PBoC injected liquidity into markets.
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Asian indexes like Japan's Nikkei, Hong Kong's Hang Seng, and Australia's ASX rose. However, Taiwan's index declined slightly.
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Chinese property stocks jumped as regulators promised more support for the real estate sector.
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RBA's meeting minutes and FOMC minutes are awaited for insights into monetary policy.
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Japan's Nikkei reached near highs last seen in 1990, aided by earnings and the BOJ's dovish stance.